MetLife Investment Management LLC Has $28.69 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

MetLife Investment Management LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 896.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,218 shares of the semiconductor company’s stock after purchasing an additional 357,360 shares during the period. MetLife Investment Management LLC’s holdings in Lam Research were worth $28,691,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. West Oak Capital LLC lifted its stake in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares during the last quarter. Diversified Trust Co lifted its position in Lam Research by 8.3% during the fourth quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 286 shares during the last quarter. McLean Asset Management Corp boosted its holdings in shares of Lam Research by 6.3% during the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 302 shares during the period. Fairway Wealth LLC grew its position in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $63.76 on Friday. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The stock has a market cap of $81.85 billion, a PE ratio of 19.37, a PEG ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm’s fifty day moving average price is $74.79 and its two-hundred day moving average price is $75.93.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America reduced their price target on Lam Research from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. UBS Group lowered their target price on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.87.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.